Work

Corporate Governance in an International Context: legal systems, financing patterns and cultural variables

Year: 2005

Type: article

Abstract: Corporate governance systems develop as a result of cultural underpinnings, legal structures and different forms of financing business. This paper describes these factors in the US and UK, two examples of strong shareholder ownership patterns of financing, and Germany, a country with a tradition of strong creditor financing. Recommendations are made for best practices in governance. Although enhanced governance mechanisms is a sound goal to pursue, the results may be meaningless unless internal controls are strengthened and top management and the board of directors establish an ethical tone at the top.

Source: Corporate Governance An International Review

DOI: 10.1111/j.1467-8683.2005.00453.x

Author: Steven M. Mintz

Institution: Claremont McKenna College

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W2057523280

FWCI: 14.06

Cites: 22

Cited by: 85

Related to: 10